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in global market news, the obama administration declines to name china a currency manipulator. and on the economic front, a report on new home sales topping today's agenda. it's wednesday, november 28th, 2012. "squawk box" begins right now. ♪ here comes santa claus here comes santa claus right down santa claus lane all his reindeers pulling on the reins ♪ >> good morning. i'm becky quick
in global market news, the obama administration declines to name china a currency manipulator. and on the economic front, a report on new home sales topping today's agenda. it's wednesday, november 28th, 2012. "squawk box" begins right now. ♪ here comes santa claus here comes santa claus right down santa claus lane all his reindeers pulling on the reins ♪ >> good morning. i'm becky quick
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. >> ford chairman bill ford junior agrees with blankfein saying he's confident the obama administration can reach a deal with congress to avoid the fiscal cliff. but speaking with reporters in bangkok, he says the automaker is prepared for any outcome. cnbc has learned the completion of the so-called volcker rule is being delayed until the end of the first quarter of next year instead of the end of this year. the rule which is named for paul volcker bans banks from proprietary trading. but it's proven difficult for u.s. regulators to define and high volume of feedback has led to push back, repeated push back, of that deadline. mervyn king will release financial stability report today. there's been speculation in the report that king will raise capital requirements for banks and introduce new banking regulations. for our uk viewers, we'll bring you live coverage of the bank of england's report in just over an hour. for thousannow, chris wheeler j. what is your sense of what he could say? >> if we look at the uk banks, perhaps lloyd and those that have the biggest issues despite all the w
. >> ford chairman bill ford junior agrees with blankfein saying he's confident the obama administration can reach a deal with congress to avoid the fiscal cliff. but speaking with reporters in bangkok, he says the automaker is prepared for any outcome. cnbc has learned the completion of the so-called volcker rule is being delayed until the end of the first quarter of next year instead of the end of this year. the rule which is named for paul volcker bans banks from proprietary trading....
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the obama administration saying that china's currency remains significantly undervalued, but the u.s. treasury department is now stopping short of labeling the world's second biggest economy a currency manipulator. the white house is expected now to send the congress a multi-billion-dollar request on the recovery from superstorm sandy. the storm caused an estimated $71 billion in damages in new york and new jersey, and some congressional aides saying the request for funding would likely be at least $11 billion. the move comes as canada gets close to its decision on whether to approve the transaction. the energy companies say discussions with the committee are still in progress, and of course they had to file approval because they have extensive operations in the u.s. gulf of mexico. >>> "the wall street journal" reporting that virtue is emerging as the frontrunner to buy knight capital. they would possibly sell off parts of that business. finally, we can't get away from the story of twinkies. the bakers union of hostess brands wants a bankruptcy judge to appoint a chapter 11 trustee t
the obama administration saying that china's currency remains significantly undervalued, but the u.s. treasury department is now stopping short of labeling the world's second biggest economy a currency manipulator. the white house is expected now to send the congress a multi-billion-dollar request on the recovery from superstorm sandy. the storm caused an estimated $71 billion in damages in new york and new jersey, and some congressional aides saying the request for funding would likely be at...
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you still have republicans striking a public posture saying they want more spending cuts from the administration and from democrats. democrats want republicans to prove more robustly than they have so far that they're willing to raise taxes. >> john, do you think this is a way of obama being able to point to these meetings when he softens his stance on, for instance, higher taxes for the very highest tax rate? maybe not 39 1/2, maybe more like 35, but he can say i met with these experts and they're the reason i'm backing off of that? >> reporter: no, i don't think he would do that. that would not be a good political strategy because wall street the among the most unpopular segments with the american public. and the president's stance right now for raising taxes for people at the top of the income scale is very popular with the public. what he's got to do is convert that into to effective support in congress while also getting people in his own party to agree to cuts in these spending programs, especially the entitlements of medicare and social security which are so explosive in their costs. >> a
you still have republicans striking a public posture saying they want more spending cuts from the administration and from democrats. democrats want republicans to prove more robustly than they have so far that they're willing to raise taxes. >> john, do you think this is a way of obama being able to point to these meetings when he softens his stance on, for instance, higher taxes for the very highest tax rate? maybe not 39 1/2, maybe more like 35, but he can say i met with these experts...
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Nov 26, 2012
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in a sign of the slow pace, senior administration official said president obama and congressional leaders are not expected to reconvene this week. this is so the staff of both sides can continue to organize and work through the differences. and what is not a surprise at all, mr. obama instead will probably hit the road this week to give speeches. >> xwitner is supposed to be coming up with the details. >> aides said mr. obama will hit the road to mobilize public support. just like the last, same speeches over and over. >> you saw warren buffett this morning. >> some interesting points. he had an alternative minimum tax he had been talking about for the really wealthy. >> 30% or something. >> anybody from 1 to $10 million. also talked a little bit about raising the -- >> same thing he's been saying all along. >> he added that when it comes to who should be paying the higher taxes, he wants the threshold to be $500,000. >> and you see steven rattner on on talking about capital gains, deductions and things you've talked about a lot. >> time for the global markets report. ross westgate totall
in a sign of the slow pace, senior administration official said president obama and congressional leaders are not expected to reconvene this week. this is so the staff of both sides can continue to organize and work through the differences. and what is not a surprise at all, mr. obama instead will probably hit the road this week to give speeches. >> xwitner is supposed to be coming up with the details. >> aides said mr. obama will hit the road to mobilize public support. just like...
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administration. we'll start talking more on the days ahead about who may replace her. more on that in a moment. >>> let's continue our interview with blue nile ceo. harvey, you are trying to get the company back on its feet. you parachuted in to bring the company to better health. is it a total focus on the value proposition and at what point do you think you might get the stock above the $60 a share we had a couple years ago? >> we don't really concentrate as you might imagine on stock price. what we're concentrating on is building our business. we've had three sequential growth quarters and accelerating sales growth which was on top of 11% growth rate from 2011. we really are getting a nice trajectory back to our business and excited about 13. >> what about the competition? there's no retail outlets. there's no feel good displays. no one talking to you nicely about why this would suit your girlfriend. someone else can come in and do what you do. >> we've an efficient effective model for 13 years. a
administration. we'll start talking more on the days ahead about who may replace her. more on that in a moment. >>> let's continue our interview with blue nile ceo. harvey, you are trying to get the company back on its feet. you parachuted in to bring the company to better health. is it a total focus on the value proposition and at what point do you think you might get the stock above the $60 a share we had a couple years ago? >> we don't really concentrate as you might imagine...
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. >> did you see this, obama is flexible on highest tax rates. >> administration official. white house officials later signaled that. he didn't signal it in anything he said. >> i spoke to a couple who were at the meeting yesterday, some of the executives, who felt, and this is like the implied feeling that he was now more willing to deal on the highest rate. >> did you hear anything about spending cuts or entitlement reform? >> two conversations are taking place. one if the public trying to get them behind you. the other is whether you're actually saying to the people you're negotiating with. and when you saw the signal, it was like, okay, maybe they'll get to that, i don't know, 37% or 500,000 or something. what we had been talking about two weeks ago. maybe that's where they're headed. stocks did gain ground on optimism around the idea that we could reach some sort of a deal to overt the fiscal cliff. the dow closing more than 100 points higher after being down by more than that during the session. a swing like that hasn't happened since october 2011. u.s. equity futures
. >> did you see this, obama is flexible on highest tax rates. >> administration official. white house officials later signaled that. he didn't signal it in anything he said. >> i spoke to a couple who were at the meeting yesterday, some of the executives, who felt, and this is like the implied feeling that he was now more willing to deal on the highest rate. >> did you hear anything about spending cuts or entitlement reform? >> two conversations are taking place....
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and yet, she did go out publicly and say that the obama administration decimated al qaeda. that's something that rubs these republican senators the wrong way. i will tell you what she told them, i'm told, inside the classified briefing this morning, what she meant was it was the core of al qaeda, that's what the obama administration has decimated. but these republican senators think she's lef the impression it's al qaeda in general. last thing i will tell you i was told she did say to the republican senators behind closed doors she regrets saying what she said because she knows it was simply not right. >> where does this go from here? obviously investigating intelligence officials as well, i imagine? >> yes. as i said, the acting director of the cia also in this room. and senators, republicans and democrats, are not thrilled with the information that they got publicly or privately. but the -- what goes on from here more meetings. she's back here, we believe, this afternoon, tomorrow she has a meeting with one senator, bob corker of tennessee, probably others. she's going to
and yet, she did go out publicly and say that the obama administration decimated al qaeda. that's something that rubs these republican senators the wrong way. i will tell you what she told them, i'm told, inside the classified briefing this morning, what she meant was it was the core of al qaeda, that's what the obama administration has decimated. but these republican senators think she's lef the impression it's al qaeda in general. last thing i will tell you i was told she did say to the...
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>>> keeping them honest now on the libya tragedy and the obama administration's blurry account of it that night. four americans died that night and there are plenty of unanswered questions of what went wrong. most of it focusing on the messaging that happened afterwards. another scorching day today for susan rice. a day after the iraqi session, she met this morning with republican senator susan collins of maine. >> i continue to be troubled by the fact that the un ambassador decided to play what was a political role at the height of a contentious presidential election campaign by agreeing to go on the sunday shows to present the administration's position. >> listen to what she is talking about. one of several appearances that ambassador rise made about foiv days after the consulate killings. >> what happened in benghazi was in fact a spontaneous reaction to what had transpired hours before in cairo. extremist elements came to the consulate as this was unfolding. >> notice the phrase extremist elements. we have since learned that she was referring to talking points to remove any links
>>> keeping them honest now on the libya tragedy and the obama administration's blurry account of it that night. four americans died that night and there are plenty of unanswered questions of what went wrong. most of it focusing on the messaging that happened afterwards. another scorching day today for susan rice. a day after the iraqi session, she met this morning with republican senator susan collins of maine. >> i continue to be troubled by the fact that the un ambassador...
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new questions about the obama administration's story. stay with us. [ male announcer ] this december, remember -- what starts with adding a friend... ♪ ...could end with adding a close friend. the lexus december to remember sales event is on. this is the pursuit of perfection. part of a whole new line of tablets from dell. it's changing the conversatn. ♪ of green giant vegetables it's easy to eat like a giant... ♪ and feel like a green giant. ♪ ho ho ho ♪ green giant is efficiently absorbed in small continuous amounts. citracal slow release continuously releases calcium plus d with efficient absorption in one daily dose. citracal slow release. with efficient absorption in one daily dose. of washington about the future of medicare and social security. anncr: but you deserve straight talk about the options on the... table and what they mean for you and your family. ancr: aarp is cutting through all the political spin. because for our 37 million members, only one word counts. get the facts at earnedasay.org. let's keep medicare...
new questions about the obama administration's story. stay with us. [ male announcer ] this december, remember -- what starts with adding a friend... ♪ ...could end with adding a close friend. the lexus december to remember sales event is on. this is the pursuit of perfection. part of a whole new line of tablets from dell. it's changing the conversatn. ♪ of green giant vegetables it's easy to eat like a giant... ♪ and feel like a green giant. ♪ ho ho ho ♪ green giant is efficiently...
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new questions about the obama administration's story. stay with us. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. >>> breaking news tonight on the libya mess. a new allegation that the obama administration still cannot get its story straight after so much time, even as recently as this morning. ironically, this latest charge flows directly out of an attempt at damage control. u.n. ambassador susan rice's trip to capitol hill, she and the acting cia director, michael morell, meeting with republican senators john mccain, kelly ayotte and lindsay graham, who were not pleased with what they heard. >> it is clear that the information sh
new questions about the obama administration's story. stay with us. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just...
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new questions about the obama administration's story. stay with us. >> you know, i can save you 15% today if you open up a charge card account with us. >> announcer: we all love a good deal during the holidays, especially identity thieves. they can open an account in your name and go on a serious spending spree. >> do you have cufflinks? >> mm-hmm. >> gold ones? >> announcer: not on our watch. we're lifelock, with the most comprehensive identity theft protection you can buy. go to lifelock.com or call 1-800-lifelock today. [whoosh] lifelock-- relentlessly protecting your identity. of washington about the future of medicare and social security. anncr: but you deserve straight talk about the options on the... table and what they mean for you and your family. ancr: aarp is cutting through all the political spin. because for our 37 million members, only one word counts. get the facts at earnedasay.org. let's keep medicare... and social security strong for generations to come. bp has paid overthe people of bp twenty-threeitment to the gulf. b
new questions about the obama administration's story. stay with us. >> you know, i can save you 15% today if you open up a charge card account with us. >> announcer: we all love a good deal during the holidays, especially identity thieves. they can open an account in your name and go on a serious spending spree. >> do you have cufflinks? >> mm-hmm. >> gold ones? >> announcer: not on our watch. we're lifelock, with the most comprehensive identity theft...
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new questions about the obama administration's story. stay with us. [ male announcer ] alka-seltzer plus presents the cold truth. i have a cold... i took dayquil, but i still have a runny nose. [ male announcer ] truth is, dayquil doesn't work on runny noses. what? [ male announcer ] it doesn't have an antihistamine. really? [ male announcer ] really. alka-seltzer plus cold and cough fights your worst cold symptoms, plus has a fast acting antihistamine to relieve your runny nose. [ sighs ] thank you! [ male announcer ] you're welcome. that's the cold truth! [ male announcer ] alka-seltzer plus. ♪ oh what a relief it is! ♪ [ male announcer ] can't find theraflu? try alka-seltzer plus for fast, liquid, cold, and flu relief. but proven technologies allow natural gas producers to supply affordable, cleaner energy, while protecting our environment. across america, these technologies protect air - by monitoring air quality and reducing emissions... ...protect water - through conservation and self-contained recycling systems... ... and prot
new questions about the obama administration's story. stay with us. [ male announcer ] alka-seltzer plus presents the cold truth. i have a cold... i took dayquil, but i still have a runny nose. [ male announcer ] truth is, dayquil doesn't work on runny noses. what? [ male announcer ] it doesn't have an antihistamine. really? [ male announcer ] really. alka-seltzer plus cold and cough fights your worst cold symptoms, plus has a fast acting antihistamine to relieve your runny nose. [ sighs ]...
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let me channel the obama administration for a second. this is how they're responding to the proposal. next! it ain't going to happen. he can sit here and sing all day saying put it on the table. trust me, it's not going to be on the table. so it's cute. it's an op-ed, it's great. but trust me, even he knows, the president is not going to put the affordable care act on the table and so it's not crazy like a fox. it's simply crazy. >> okay. >> what about the possibility though, i think this is a reality. to get a grand bargain that works, and i'm not a crazy person. i don't think we're getting one. >> so you claim. >> so i claim. my own self evaluation. but in order to actually get that done, we do have to make changes to health care. and i believe the president agrees with that. but we do. >> yeah. i think that's absolutely right. actually one of the tricky questions is going to be how the president is going to introduce some of these ideas about cost control that weren't part of that original debate. there is a lot of talk about administ
let me channel the obama administration for a second. this is how they're responding to the proposal. next! it ain't going to happen. he can sit here and sing all day saying put it on the table. trust me, it's not going to be on the table. so it's cute. it's an op-ed, it's great. but trust me, even he knows, the president is not going to put the affordable care act on the table and so it's not crazy like a fox. it's simply crazy. >> okay. >> what about the possibility though, i...
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. >>> keeping them honest now in the libya tragedy, and the obama administration's blurry account of it after the fact. four americans died there, and there are plenty of questions about what went wrong. for now, though, most of the attention is focused on the messaging afterwards. another scorching day for one of the chief messengers, susan rice. just a day after iraqi session with senators john mccain, lindsey graham, kelly ayotte, she met with another republican senator, susan collins of maine. >> i continue to be troubled by the fact that the u.n. ambassador decided to play what was essentially a political role at the height of the contentious presidential election campaign, by agreeing to go on the sunday shows, to present the administration's position. >> this is what she is talking about, one of several appearances ambassador rice made five days after the consulate killings. >> our current assessment is that what happened in benghazi was in fact, initially a spontaneous reaction to what had just transpired hours before in cairo. what we think, then, transpired in benghazi is t
. >>> keeping them honest now in the libya tragedy, and the obama administration's blurry account of it after the fact. four americans died there, and there are plenty of questions about what went wrong. for now, though, most of the attention is focused on the messaging afterwards. another scorching day for one of the chief messengers, susan rice. just a day after iraqi session with senators john mccain, lindsey graham, kelly ayotte, she met with another republican senator, susan...
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happening now, new troubles for some top members of the obama administration. more republicans senators say they're troubled by what the united nations ambassador susan rice is telling them. and now the acting cia director has some serious problems as well. president obama pulls out all the stops to keep middle class taxes low, but will congress go along with higher taxes for the rich? plus, a long secret u.s. plan, get this, to explode an atomic bomb on the moon. what were they thinking? i'm wolf blitzer. you're in "the situation room." >>> today we may be at the tipping point for one of the most important decisions president obama needs to make as he begins his second term. on capitol hill republicans including moderate republicans are sending the president a clear warning, don't nominate susan rice to replace hillary clinton as secretary of state. rice is the current u.s. ambassador to the united nations. she spent a second day meeting with senators trying to explain some of her inaccurate comments she made after the september 11th terrorist attack on the u.
happening now, new troubles for some top members of the obama administration. more republicans senators say they're troubled by what the united nations ambassador susan rice is telling them. and now the acting cia director has some serious problems as well. president obama pulls out all the stops to keep middle class taxes low, but will congress go along with higher taxes for the rich? plus, a long secret u.s. plan, get this, to explode an atomic bomb on the moon. what were they thinking? i'm...
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so i don't see any place for mitt romney inside an obama administration. >> i still think it would be nice. wait a second. wait a second. i think it would be nice for symbolism sake, perhaps, if president obama and mitt romney came out after that luncheon and appeared before cameras, said a few things and walked away. wouldn't that be nice, roland? >> no, no. >> come on. yes, it would. >> no, it wouldn't. no, it wouldn't. first of all, what are they going to say? the salmon's great? come on. the bottom line is if you're the president of the united states, let's be honest, carol, you're not going to reduce yourself to -- i'm going to stand next to the guy. i kicked his behind. no, no, no. it's not going to happen. >> that is such macho posturing. macho posturing, roland martin. >> yes, it is. >> the guy with all the bravado? >> if a woman were to beat mitt romney, she would say i kicked his behind. come on, carol. >> there's a small symbolic value, carol. but it can't mask a real disagreement. by the way, did you say you would hire me? >> yeah. i'm serious. will, i like you enough, i w
so i don't see any place for mitt romney inside an obama administration. >> i still think it would be nice. wait a second. wait a second. i think it would be nice for symbolism sake, perhaps, if president obama and mitt romney came out after that luncheon and appeared before cameras, said a few things and walked away. wouldn't that be nice, roland? >> no, no. >> come on. yes, it would. >> no, it wouldn't. no, it wouldn't. first of all, what are they going to say? the...
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the obama administration has withheld these documents under executive privilege. holder tells cnn "i think there's a deal that can be struck." and we will bring you more on this very important story in the next hour of "the situation room." and the u.s. navy wants to replace the aging fleet of marine one helicopters. reuter reports the navy plans to buy 25 new helicopters used to transport the president. that's according to a draft request for the proposal. the first of the new helicopters would be ready in 2020. you might recall in 2009 the navy failed at its attempt to buy new marine one helicopters when a program run by lockheed martin went way over budget. and this year cyber monday being called the biggest online shopping day ever. according to ibm's smarter commerce online sales were up 30% over last year. it's estimated cyber monday sales topped $1.5 billion. also a growing number of shoppers there used mobile devices like smartphones or tablets to make their purchases. i think it's just becoming easier. and that's the way -- >> did you buy anything on cybe
the obama administration has withheld these documents under executive privilege. holder tells cnn "i think there's a deal that can be struck." and we will bring you more on this very important story in the next hour of "the situation room." and the u.s. navy wants to replace the aging fleet of marine one helicopters. reuter reports the navy plans to buy 25 new helicopters used to transport the president. that's according to a draft request for the proposal. the first of the...
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four weeks, three republican senators have been slamming susan rice and the obama administration. why? all over their response to the attack in benghazi. well, today both sides came face to face. you are about to hear what happened inside that meeting and why those senators are not satisfied today. but, first, the urgent situation that has everyone's attention, members of the house, they're officially back to work as of right now, this hour. senators returned to washington yesterday. so everyone finally on the job after their week long thanksgiving break. that gives congress and the president, count it with me, 35 days to avoid the dreaded fiscal cliff, the huge package of tax hikes and spending cuts set to take effect january 1 if congress and the president do not cut a deal. we're told they have been talking behind the scenes and president obama has already hosted congressional leaders for a post election sit-down. but the president is also launching a new pr effort, a campaign, some are calling it here, starting with the white house meeting today, of small business owners. then
four weeks, three republican senators have been slamming susan rice and the obama administration. why? all over their response to the attack in benghazi. well, today both sides came face to face. you are about to hear what happened inside that meeting and why those senators are not satisfied today. but, first, the urgent situation that has everyone's attention, members of the house, they're officially back to work as of right now, this hour. senators returned to washington yesterday. so...
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a christian college is suing the obama administration over its health care law. yeah. they're citing the part in the bible where jesus refuses to heal a leper because it's a pre-existing condition. remember that part? the movie "lincoln" came in third at the box office this weekend. yeah. however experts agree it's still not lincoln's worst time at the theater. >> that's terrible to laugh at that. >> that's definitely a movie we have to see. el "early start" continues right now. >>> will they break the pledge? some republicans now seem open to the idea of raising taxes in the face of the fiscal cliff. >>> mystery in a west bank mausoleum. scientists taking a new look at yasser arafat's remains to see if he was poisoned. >>> and mightier than the sword, indeed. a poison pen found on a failed north korean assassin. cnn with an exclusive look. >>> good morning, and welcome to "early start" i'm deborah feyerick in for john berman. >> and i'm zoraida sambolin. 6:00 a.m. in the east here. first, congress back in session and already bickering. america heads down the fiscal cl
a christian college is suing the obama administration over its health care law. yeah. they're citing the part in the bible where jesus refuses to heal a leper because it's a pre-existing condition. remember that part? the movie "lincoln" came in third at the box office this weekend. yeah. however experts agree it's still not lincoln's worst time at the theater. >> that's terrible to laugh at that. >> that's definitely a movie we have to see. el "early start"...
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there's no real role for him in the obama administration. it wouldn't work. after all, he's been somebody who -- he would have to be a cabinet person and it would be a mess. it's a photo op tomorrow but a nice healing one and they are doing the right thing by engaging in that tomorrow. >> all right. douglas brinkley, good to see you, as always. here's what we're working on this hour. >>> the powerball jackpot and what are the odds of winning? >> one out of a million. but it will be less if i don't play. >> the powerball frenzy. >>> and you don't have to buy organic food to eat healthy. supermarket deals can do the trick. dr. oz on foods that really pay off. that's one smart board. what else does it do, reverse gravity? [ laughs ] [ laughs ] [ whooshing ] tell me about it. why am i not going anywhere? you don't believe hard enough. a smarter way to shop around. now that's progressive. call or click today. [ grunting ] time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. o
there's no real role for him in the obama administration. it wouldn't work. after all, he's been somebody who -- he would have to be a cabinet person and it would be a mess. it's a photo op tomorrow but a nice healing one and they are doing the right thing by engaging in that tomorrow. >> all right. douglas brinkley, good to see you, as always. here's what we're working on this hour. >>> the powerball jackpot and what are the odds of winning? >> one out of a million. but it...
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administration has decimated al qaeda. the point these republican senators have been making is that that was a political statement because that served the white house well, to say that kind of thing before the election, because this was a big part of the president's campaign. >> interesting. >> that he got rid of bin laden. did she know the classified information? if so, why did she say that publicly about al qaeda when she may not have been able to talk about al qaeda with regard to this attack but might have known about it. >> so mccain said rice asked for this meeting. in light of what dana just said, how can rice win him over? >> look, i don't think it's about rice winning him over. i don't think this is about susan rice as much as it is about the unanswered questions of benghazi. we must understand something. there's very little leverage that senators in the minority have. one of the few things they can do is really make nominations and confirmations difficult. it's part of our system of checks and balances. i've seen
administration has decimated al qaeda. the point these republican senators have been making is that that was a political statement because that served the white house well, to say that kind of thing before the election, because this was a big part of the president's campaign. >> interesting. >> that he got rid of bin laden. did she know the classified information? if so, why did she say that publicly about al qaeda when she may not have been able to talk about al qaeda with regard...
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the two sides have been fighting over certain documents that the obama administration has refused to give congress citing executive privilege. >>> four american servicewomen are suing the pentagon hoping to force the military to drop its policy that excludes them from thousands of ground combat positions. all four women are veterans of the war in iraq and afghanistan. they main the combat exclusion role is discriminatory. >> the policy limits my future in the marine corps. i would be assigned to positions based on my gender rather than on my qualifications or my accomplishments. this didn't make sense personally or politically and it did not make sense for the military. >> she also says this prevents commanders from deciding the best way to fight. >>> so what would you do with $500 million? that's tonight's record-shattering powerball jackpot expected to climb higher. millions of americans in 42 states are trying to parlay $2 into half a billion. alison kosik is live from times square this morning. what's happening there? 60% of ticket sales are expected to be made today. we know the
the two sides have been fighting over certain documents that the obama administration has refused to give congress citing executive privilege. >>> four american servicewomen are suing the pentagon hoping to force the military to drop its policy that excludes them from thousands of ground combat positions. all four women are veterans of the war in iraq and afghanistan. they main the combat exclusion role is discriminatory. >> the policy limits my future in the marine corps. i...
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the obama administration is taking its tax fight to twitter asking you to speak out on the bush tax cuts using the hash tag my2k. that is the estimated amount in tax hikes the administration says a middle class family of four could face if the bush tax cuts expire on the middle class. but the white house isn't limiting its efforts to social media. president obama is heading to pennsylvania on friday where he'll make his pitch to extend existing tax breaks for families making $250,000 or less. joining me now cnn contributor granderson and republican strategist ron bonjean. welcome to both of you. >> good morning. >> good morning, carol. >> minutes ago we heard from eric cantor, part of the gop leadership. he was talking about avoiding the fiscal cliff and he said what republicans want on the table, what must be on the table, medicare and medicaid. denot mention social security. so, l.z., i guess i just want your thoughts about that. i guess now we know what republicans want in return for those tax hikes on the rich. >> well, i don't think there's been much of a secret. in fact, i've been
the obama administration is taking its tax fight to twitter asking you to speak out on the bush tax cuts using the hash tag my2k. that is the estimated amount in tax hikes the administration says a middle class family of four could face if the bush tax cuts expire on the middle class. but the white house isn't limiting its efforts to social media. president obama is heading to pennsylvania on friday where he'll make his pitch to extend existing tax breaks for families making $250,000 or less....
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does the obama administration need to get involved? do they need to be worried that you have the egyptian president now who seems tow to be more powerful than he was three days ago? >> seems to be. it depends. we'll see what the outcome of the talks are today. the u.s. officials have to be concerned. not only -- again, just for egypt, but for the entire arab spring. they see here, you know, power being seized. they're wondering -- they know that they've got a financial sword that they can hang over egypt's head. egypt wants u.s. support. diplomatic too. in order to maintain that, it is going have to cut off that supply of smuggled arms that are the source of these weapons. you know, hamas right now is asking that the airport in gaza as well as the seaport be opened up. i don't think that's going to happen. i think morsi is going to be under a tremendous amount of pressure to prove that he can do what's needed. >> let's turn the topic here because this is something we're going to be watching very closely tomorrow, and it really is getti
does the obama administration need to get involved? do they need to be worried that you have the egyptian president now who seems tow to be more powerful than he was three days ago? >> seems to be. it depends. we'll see what the outcome of the talks are today. the u.s. officials have to be concerned. not only -- again, just for egypt, but for the entire arab spring. they see here, you know, power being seized. they're wondering -- they know that they've got a financial sword that they can...
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we express deep appreciation for the obama administration and its unshakeable support for israel's right to defend defend itself and israel's security. this is the microcosm of what this conflict is about. we're doing our utmost to minimize civilian casualties on the palestinian side. if palestinian civilians are hurt for us it's a defeat. supporters of hamas were giving out candies in the streets to kids to celebrate the bus bombing. >> what does all of this have to do with the ongoing negotiations? secretary clinton has said de-escalation. she'll meet twice with prime minister netanyahu. do you think a de-escalation is possible in the wake of this bus explosion and what we've been told according to the bbc, retaliation with a strike in gaza city? >> de-escalation is not going to be possible if hamas doesn't stop shooting at us. the last eight days, 5.5 million israelis, well over half of our entire population, have been under rocket attack. now they're under bus bombing attack. hamas shows no sign of backing down. yesterday they fired over 200 rockets at israelis, killed 200 people. th
we express deep appreciation for the obama administration and its unshakeable support for israel's right to defend defend itself and israel's security. this is the microcosm of what this conflict is about. we're doing our utmost to minimize civilian casualties on the palestinian side. if palestinian civilians are hurt for us it's a defeat. supporters of hamas were giving out candies in the streets to kids to celebrate the bus bombing. >> what does all of this have to do with the ongoing...
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administration for four years, you've done no entitlement reform. put something on the table. >> i'd like to see how all the negotiations are done. i support that. what's your second thing? >> on c-span, cnn can be there, too. secondly, when it's finished, when it's decided, write it down. put it online for seven days. so the american people can read it. don't t.a.r.p. us again, rush us and say, sign this, sign this. it's really good. let the american people read it. if we do those two things lindsey graham will not be voting for tax increase because he'll be able to find out exactly what's in it and no one will get tricked into thinking there are real spending cuts when there aren't or the tax changes are diminimous when they're not. why do the taxpayers want it open -- >> i would like to see it on cnn and c-span for sure. we always like talking to you about this. grover norquist is going to be talking to piers morgan more time tonight. obviously at 9:00 p.m. eastern time here on cnn. >> soledad? >> yes, grove egrover. >> get a picture of me with a
administration for four years, you've done no entitlement reform. put something on the table. >> i'd like to see how all the negotiations are done. i support that. what's your second thing? >> on c-span, cnn can be there, too. secondly, when it's finished, when it's decided, write it down. put it online for seven days. so the american people can read it. don't t.a.r.p. us again, rush us and say, sign this, sign this. it's really good. let the american people read it. if we do those...
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now, look at the role of private enterprise and public education and what the obama administration approach will be in 2013. this is an hour and 35 minutes. >> welcome. thank you for joining us. we are just getting back. the energy level is probably going to get mellow. we will make that work for us. today's panel is on the question of for-profit and federal education policy. this is a topic that we at aei have been talking about for an extended stretch. in support of the templeton foundation, we have been running the private enterprise projects, trying to think about the opportunities and the challenge. how do make this work for kids in the communities? how do we think about some of those challenges the potential perils? this panel is a close up series of panels and conversations. we have commissioned a number of pieces that will be coming up as a book this spring. we have the opportunity to work. those of you with cell phones, in turn them off. why this topic? the vast majority of what we do in america k-12 is done by public institutions. it is done by institutions run by states. and a lo
now, look at the role of private enterprise and public education and what the obama administration approach will be in 2013. this is an hour and 35 minutes. >> welcome. thank you for joining us. we are just getting back. the energy level is probably going to get mellow. we will make that work for us. today's panel is on the question of for-profit and federal education policy. this is a topic that we at aei have been talking about for an extended stretch. in support of the templeton...
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in 2008 the obama administration didn't go for it. calculating, rationally, that probablyal settlement of the issue at the time would benefit president ahmadinejad and help him in his bid for a second round. well, we all know what happened. that election didn't work. there was unrest in the streets. and the turmoil completely consumed the rest of that year. so basically i think this is as good as any time to start the negotiations. what is stopping us from doing this? of course there is the sin ergey of inaction on -- synergy of inaction on both sides and invested political interests to generate a kind of in ground solidarity from the image of a demonized other. on the other side. but there is only one way to break this logjam and that is boldly. i think the two sides should come at this block of marble and see the statue inside the block, apply two things. apply pressure, force, but also perspective to bring out a new compromise out of this situation. there are risk and there are rewards in this. any politician who openly says i'm go
in 2008 the obama administration didn't go for it. calculating, rationally, that probablyal settlement of the issue at the time would benefit president ahmadinejad and help him in his bid for a second round. well, we all know what happened. that election didn't work. there was unrest in the streets. and the turmoil completely consumed the rest of that year. so basically i think this is as good as any time to start the negotiations. what is stopping us from doing this? of course there is the sin...
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the obama administration will have an opportunity to look at these proposals in november and december and hopefully decide to take advantage of them and use them next year. also i am hopeful and will recommend that this not just be administrative action. congress should implement this, too. beyond that, we will have the proper recommendations with regard to other issues of security, jobs, efficiencies, innovation. this is such an important part of our economy in america. if we do not do it in the right way, we will make mistakes. when you legislate an atmosphere of crisis, where you have a mess on your hands, you quite often do not do it very well. yes, we are experiencing some good times in energy diversity now. it seems to me now is the opportunity and a fantastic time of challenge for us to develop an overall, the national energy policy to pull things together and plan for the future and not wait for another crisis. another crisis will come. when you look at the impact of energy throughout the world, what is happening with us and how we are all interrelated, it is obvious that we n
the obama administration will have an opportunity to look at these proposals in november and december and hopefully decide to take advantage of them and use them next year. also i am hopeful and will recommend that this not just be administrative action. congress should implement this, too. beyond that, we will have the proper recommendations with regard to other issues of security, jobs, efficiencies, innovation. this is such an important part of our economy in america. if we do not do it in...
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that were extended under the obama administration. that is part of a series that we are doing on the "washington journal" lead starts today that focuses on different aspects of the so-called fiscal cliff tops. and we will go to michael next in fenton, mich.. good morning. are you with us? caller: yes. host: you are on the air, sir. caller: i'm calling to discuss the fact that the disparity in the revenue that is generated in the different tax brackets, it is my understanding that the top 5% roughly makes $200,000 and ups -- and up. they generate the majority of the taxes that the government takes in. the other 95% probably takes in less than 40% of the revenue. guest: i cannot recall the exact statistics, but it is true that the top income this tradition pay disproportionately -- a hugely disproportionate share of the taxes. it is because they capture a hugely disproportionate amount of in hermine the company. -- country. -- of income in the country. each side'stake argument. democrats are arguing that you do not extend the income tax
that were extended under the obama administration. that is part of a series that we are doing on the "washington journal" lead starts today that focuses on different aspects of the so-called fiscal cliff tops. and we will go to michael next in fenton, mich.. good morning. are you with us? caller: yes. host: you are on the air, sir. caller: i'm calling to discuss the fact that the disparity in the revenue that is generated in the different tax brackets, it is my understanding that the...
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., washington journal examines obama administration energy policies. the exploration of long-term unemployment benefits and reaction of wall street investors to the so-called fiscal cliff. live at 11:30 a.m. eastern, senate majority whip dick durbin talks about efforts to resolve the fiscal cliff. now it discussion on the role of private enterprise in public education. the obama administration's approach to regulating for- profit institutions. representatives of for-profit schools of the bill emeline the gates foundation. it is about an hour and a half. and melindahe bill gates foundation. it is about an hour and a half. >> we are just getting back. the energy level is probably going to get mellow. we will make that work for us. today's panel is on the question of for-profit and federal education policy. this is a topic that we at aei have been talking about for an extended stretch. in support of the templeton foundation, we have been running the private enterprise projects, trying to think about the opportunities and the challenge. how do make this wo
., washington journal examines obama administration energy policies. the exploration of long-term unemployment benefits and reaction of wall street investors to the so-called fiscal cliff. live at 11:30 a.m. eastern, senate majority whip dick durbin talks about efforts to resolve the fiscal cliff. now it discussion on the role of private enterprise in public education. the obama administration's approach to regulating for- profit institutions. representatives of for-profit schools of the bill...
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the obama administration is ready to fill vacancies. this will have rebels all the way down the hierarchy. what i would like to discuss tonight is how we got from where we are, the politics of patronage, the challenges of recruiting political appointees , how the system results in major delays and managerial destructions and how it undermines presidential leadership and good management. and finally, possible remedies for reforming the system. why do we get mad at government incompetence? because we expect a competent and effective bureaucracy. you create bureaucracies that hire competent workers that bring specialization, expertise, accountability, and continuity. there is no alternative in large-scale systems to organize great amounts of people to accomplish a goal or mission. this is not the way the united states began. it took about a century to figure it out and half a century to implement. the spoils system of the nineteenth century, there has been a constant tension between partisan control political appointees in career experts.
the obama administration is ready to fill vacancies. this will have rebels all the way down the hierarchy. what i would like to discuss tonight is how we got from where we are, the politics of patronage, the challenges of recruiting political appointees , how the system results in major delays and managerial destructions and how it undermines presidential leadership and good management. and finally, possible remedies for reforming the system. why do we get mad at government incompetence?...
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the obama administration was looking for the stimulus measure. they thought it would be hard for republicans to oppose a tax cuts. host: the money rigidly was going where -- the money originally was going where? guest: going to the social security trust >> we take you live now to the u.s. capitol and house speaker john boehner. >> the president has warned us about the dangers of going over the fiscal cliff. but his actions have not matched his public statements. momings of his own party seem quite comfortable on sending the economy over the fiscal cliff. two weeks ago we had a very productive conversation at the white house. based on where we stand today i would say two things. first, despite the claims that the president supports a balanced approach, the democrats have yet to get serious about real spending cuts. and secondly, no substantive progress has been made in the talks between the white house and the house over the last two weeks. this is not a game. jobs are on the line. the american economy is on the line. and this is a moment for adul
the obama administration was looking for the stimulus measure. they thought it would be hard for republicans to oppose a tax cuts. host: the money rigidly was going where -- the money originally was going where? guest: going to the social security trust >> we take you live now to the u.s. capitol and house speaker john boehner. >> the president has warned us about the dangers of going over the fiscal cliff. but his actions have not matched his public statements. momings of his own...
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i do not see the obama administration changing the terms of agreement. one just reiterated that we will not. you also have a new government in seoul. no matter who wins, they will be looking toward some more engagement. that could indeed complement -- complicate things in the u.s. and china. on these issues, i think the focus was absolutely right. china is basically, if you talk privately to folks from the mainland, what you get is we did not start it. we fix it. this is a rather unfortunate attitude. it may be pretty all too accurate a reading. i have nothing to add to what he just said about the possible involvement at the united states. attitudes here about what china is doing are not very positive. it is not just a matter of alliance engagement. it is about what time is up to and how it is behaving. i have a couple of questions or points to make with jobs. the big changes and military leadership, just listen to the question. the partially answered this and the rising role of the pla air force. they are clearly being given a greater role. i do think c
i do not see the obama administration changing the terms of agreement. one just reiterated that we will not. you also have a new government in seoul. no matter who wins, they will be looking toward some more engagement. that could indeed complement -- complicate things in the u.s. and china. on these issues, i think the focus was absolutely right. china is basically, if you talk privately to folks from the mainland, what you get is we did not start it. we fix it. this is a rather unfortunate...
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in this era, when i look at the amount of time -- the obama administration more so than the bush administration, when officials meet throughout the region, and the discussion attempt to correlate with china, there seems to be a lot of effort to try to coordinate. jim steinberg was the fourth member of this panel, looking at the island dispute and said, they were shocked and surprised by the level of miscommunication, miss assessment, and the dangers of that between china and japan. it raises the question of whether or not -- i agree. i know china wants respect -- but whether or not what you're seeing is a strategic game or tactical game by china to use this potential mis assessment to look like the unstable part in some of this to basically helped push out its own interest. that worries me a little bit. >> i think the essential question is not of domination or respect, but about whether [indiscernible] will be static or dynamic. there is no way nations are going to agree on what the consider to be the interests. you drop a little bit of energy into this thing and it becomes explosive. it is all
in this era, when i look at the amount of time -- the obama administration more so than the bush administration, when officials meet throughout the region, and the discussion attempt to correlate with china, there seems to be a lot of effort to try to coordinate. jim steinberg was the fourth member of this panel, looking at the island dispute and said, they were shocked and surprised by the level of miscommunication, miss assessment, and the dangers of that between china and japan. it raises...
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the fact that obama is administration is to make it sound like he is averting a catastrophe over the post 2013 -- it is an insult to people who know what is going on. host: if you think that -- do you think the president is not holding from one democratic beliefs? calving i really do not know. i just found out that ed rendell is supposedly a little type of democrat. he is one -- on one of these teams trying to figure out entitlements. this is a simple equation. we have about $800 billion more than necessary in spending. we have $800 billion more in spending that goes into the pockets of those who run unnecessary tests, insurance companies and pharmaceutical companies. and if we relocate the like most of the rational world by civil nationalizing health care, that will take care of 80% of the problem. the other 20% has to do with the spending on the military that puts people in countries that nobody can identify on the back in order -- that nobody can identify on the bath. >> chuck in illinois, on our line for republicans, what do you think? caller: i am kind of angry about are people
the fact that obama is administration is to make it sound like he is averting a catastrophe over the post 2013 -- it is an insult to people who know what is going on. host: if you think that -- do you think the president is not holding from one democratic beliefs? calving i really do not know. i just found out that ed rendell is supposedly a little type of democrat. he is one -- on one of these teams trying to figure out entitlements. this is a simple equation. we have about $800 billion more...
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and then those extended, they were extended again under the obama administration. that's our focus today. part of a series that we're doing here on the "washington journal" that starts today. focusing on different aspects of the so-called fiscal cliff talks. we'll go to michael next in fenton, michigan, independent caller there. good morning. are you with us? caller: yes. host: you're on the air, sir. caller: yes, i'm calling this morning to discuss the facts that the disparity in the revenue that's generated in the different tax brackets. it's my understanding that the top 5% roughly makes $150,000, let's just say $200,000 and up. they generate almost 60% of the taxes that the government takes in, the revenue that the government takes in, while the other 95% takes in probably less than 40% of the revenue. guest: i can't recall the exact statistics but it's true that the top few percent aisles of the income distribution pay a hugely digs proportion at share of taxes -- disproportionate share of taxes and that's because they capture a disproportionate amount of inco
and then those extended, they were extended again under the obama administration. that's our focus today. part of a series that we're doing here on the "washington journal" that starts today. focusing on different aspects of the so-called fiscal cliff talks. we'll go to michael next in fenton, michigan, independent caller there. good morning. are you with us? caller: yes. host: you're on the air, sir. caller: yes, i'm calling this morning to discuss the facts that the disparity in the...
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i give credit to the obama administration. have been a very good on and investing. he was the first to put out and open investment statement in 40 years. why? foreign direct investment create jobs that are disproportionately export-oriented manufacturing- oriented, and 50% unlike the to be unionized. we need to approach trade in the second obama term with the same degree of confidence, to the point michael made. i think the world is ready to engage with us. angela merkel proposed this after a speech in basel. out in asia, the chinese are now part of negotiations and they're following it very closely. we need to succeed in confidence. >> he mentioned china, thank goodness. you cannot have a dispassionate without talking about china. larry gorda to do is mitt romney winds and on monday one calls china a currency -- what are you going to do low-cost if brett romney on that date one calls them a currency manipulator? bill would send these notes out say we are a bigger china basher than romney. it was a real issue during the debate. do you remember them talking about chi
i give credit to the obama administration. have been a very good on and investing. he was the first to put out and open investment statement in 40 years. why? foreign direct investment create jobs that are disproportionately export-oriented manufacturing- oriented, and 50% unlike the to be unionized. we need to approach trade in the second obama term with the same degree of confidence, to the point michael made. i think the world is ready to engage with us. angela merkel proposed this after a...
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the obama administration would not defend that law. the house republicans appointed john clement. many of those cases are under appeal and they will surely decide one of those cases this spring host: is there one more likely than the other? guest: that is an inside baseball question. the problem that arose is that elena kagan was the solicitor general when some of those cases were beginning and she mentioned at her confirmation hearings that she had participated in discussions about one of the cases. i think what the court wants to try to do is find a case where she came later and had no involvement. you want nine justices. they don't want age. you could get a split in the would not decide anything. host: she would be one of the key votes to watch? guest: when it is a close vote, every vote is a key vote. in answer to your question, there are several cases and it is not a matter of a good or bad case. one of the deciding issues will be of justice kagan participated. when eight supreme court struck down an act of congress, they almost always hear the appeal. that law is constitutio
the obama administration would not defend that law. the house republicans appointed john clement. many of those cases are under appeal and they will surely decide one of those cases this spring host: is there one more likely than the other? guest: that is an inside baseball question. the problem that arose is that elena kagan was the solicitor general when some of those cases were beginning and she mentioned at her confirmation hearings that she had participated in discussions about one of the...
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host: a headline recently -- obama's education plan is dominated by loose ends. his agenda looks less like real reform and more like tying up loose ends. practical budget issues and a struggle between congress and the administration getting in the way. how will they find education reform in the next four years? guest: first off, we do have to reauthorize the elementary and secondary school act, which was known during the bush era as no child left behind and lots of states are now getting waivers for. the act was about getting resources to the kids who needed it most so we could leverage -- level the playing field. we saw equity in public schools and actually a greater increase in student achievement at that point than we had in the no child left behind era -- what we really need to do is not close community schools, stabilize communities and have them be more vibrant, which has been a real problem in the recession and in terms of the school closure policy. the other thing we have to do is we actually have to teach more and test blast. -- less. but when you have p
host: a headline recently -- obama's education plan is dominated by loose ends. his agenda looks less like real reform and more like tying up loose ends. practical budget issues and a struggle between congress and the administration getting in the way. how will they find education reform in the next four years? guest: first off, we do have to reauthorize the elementary and secondary school act, which was known during the bush era as no child left behind and lots of states are now getting...
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in 2008, the obama administration didn't go for it, calculating rationally that probably a settlement of the issue at the time would benefit president ahmadinejad and help him in his bid for a second round. well, we all know what happened. that election didn't work. there was unrest in the streets and the turmoil completely consumed the rest of that year. and so, basically i think this is as good as any time to start negotiations. so what is stopping us from doing this? of course there's a synergy of inaction on both sides and invested political interest to generate a kind of in group solidarity from the image of a demonized other, on the other side. but there is only one way to break this logjam, and that is, i think the two sides should, this block of marble and see the statue inside the block, apply to think to apply pressure, force, but also perspective to breakout a new compromise out of this situation. and there are risks and there are rewards to this. any politician who openly says i'm going to make peace with the other side and resolve this issue would be -- out of hand if the
in 2008, the obama administration didn't go for it, calculating rationally that probably a settlement of the issue at the time would benefit president ahmadinejad and help him in his bid for a second round. well, we all know what happened. that election didn't work. there was unrest in the streets and the turmoil completely consumed the rest of that year. and so, basically i think this is as good as any time to start negotiations. so what is stopping us from doing this? of course there's a...
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before transmitting this treaty, the obama administration conducted an exhaust i have comparison of the treaty's requirements to current united states law. here's what they found: the united states does not need to pass any new laws or regulations in order to fully meet the terms of the treaty. the fact that we've already met our exceed the treaty' treaty's requirements is a testament to our nation's commitment to equality for the disabled. but ther there are still importt reasons for ratification. the veterans all over the united states travel all over the world obvious with their families. raratifying this treaty will hep move forward the day where wherever they travel they will be treated with the kind of respect that every person would expect to have in traveling around the world. ratifying this treaty will also give the united states a seat at an international table that we currently can't okay pievment the united states can sit at the table on disability rights worldwide and provide guidance and expertise based on our experience and leadership. it just stands out like a sore thumb
before transmitting this treaty, the obama administration conducted an exhaust i have comparison of the treaty's requirements to current united states law. here's what they found: the united states does not need to pass any new laws or regulations in order to fully meet the terms of the treaty. the fact that we've already met our exceed the treaty' treaty's requirements is a testament to our nation's commitment to equality for the disabled. but ther there are still importt reasons for...
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Nov 25, 2012
11/12
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that permission was revoked by the obama administration even that was granted by the bush administration previously. everybody wants to get sources of energy in their states for not only to be able to get the jobs of getting it out, but attract criminal and manufacturing companies with low prices. so this is the choice we will have before us and to meet sees clearly the the way to go. i'd like to thank all of you for listening and i'd be very happy to take any questions. [applause] >> thanks, dana. if i could just start off with one question. among the natural gas reserves are natural gas reserves in the state, upstate new york. if by some fluke you had governor cuomo regarding potential for hater fracturing in the decision he is facing, what might you say to him? >> i would certainly say to look at the example of pennsylvania, which has created many, many jobs and is doing well and that job and they have an experienced environmental problems. it seems obvious that haida refracting is the way to go and governor cuomo is free to set whatever regulations he wants around that to ensure the
that permission was revoked by the obama administration even that was granted by the bush administration previously. everybody wants to get sources of energy in their states for not only to be able to get the jobs of getting it out, but attract criminal and manufacturing companies with low prices. so this is the choice we will have before us and to meet sees clearly the the way to go. i'd like to thank all of you for listening and i'd be very happy to take any questions. [applause] >>...
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Nov 24, 2012
11/12
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and so a lot of these discussions have been about how the republicans rolled back the obama administration, making we can then ultimately overtaken and how they maintain that power once they have it. i mean, cloaked in the argument of what is good for america, but there is not allow a policy prescription in there. >> thank you. >> this event took place at the seventeenth annual texas book festival in austin, texas. for more information visit texasbookfestival.org. >> tell us when you think of your programming this weekend. comment on our facebook call or send us an e-mail. nonfiction books every weekend on c-span2. >> next, chrystia freeland talked about a rise of the superrich, the.-- the top 0.one% of the population and the impact they have in the world. this is hosted by politics and prose bookstore in washington d.c. and it is about an hour. [applause] >> thanks a lot. sorry to keep everyone waiting. i will say a few things about what is in the book. as i have been doing some interviews with my book, a favored way of interviewers in the conversation is to save the rich have always been
and so a lot of these discussions have been about how the republicans rolled back the obama administration, making we can then ultimately overtaken and how they maintain that power once they have it. i mean, cloaked in the argument of what is good for america, but there is not allow a policy prescription in there. >> thank you. >> this event took place at the seventeenth annual texas book festival in austin, texas. for more information visit texasbookfestival.org. >> tell us...
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Nov 25, 2012
11/12
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amount under the obama administration. this seems to me to be a legacy of an extraordinary amount of. [inaudible] and yet we have a lot of economic problems and now our sovereign debt is roughly around gdp and this is the point in which at least in europe, investors have begun questioning it so i am curious in what way future funding would be posed as a solution to problems that the past was not and how can it be financed? >> sorry, i don't buy the premise first of all. [applause] look, we had a stimulus bill, which was about $800 billion. that is a very small part of the debt we have and none of the results of an economic stimulus so where's this coming from? the rest of it is, we have a large amount of debt or a large amount of -- we ran a deficit even during the good years which people like myself don't think was a good idea. why? because we first wanted to give tax cuts to langsam individuals and have a couple of unfunded wars. that has nothing to do is pump grinding and then we had a collapse of revenue that took plac
amount under the obama administration. this seems to me to be a legacy of an extraordinary amount of. [inaudible] and yet we have a lot of economic problems and now our sovereign debt is roughly around gdp and this is the point in which at least in europe, investors have begun questioning it so i am curious in what way future funding would be posed as a solution to problems that the past was not and how can it be financed? >> sorry, i don't buy the premise first of all. [applause] look,...
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Nov 28, 2012
11/12
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. >> i'll give real credit to the obama administration. they been very good on investment. president obama was the first democrat in 30 years without an open investments. why? because foreign direct investment to the u.s. creates jobs that are disproportionately export oriented, disproportionately manufacturing oriented, and our 50% more likely to be unionized. this is capital we should be fighting for. i think we need to approach in the second obama term with the second -- same degree with confidence going to the point michael me. i think the world agree to engage with us. angela merkel proposed the free trade agreement in her speech issue. i think we should pick up on that and go for it. there's a trans-pacific partnership being negotiated out in asia, chinese are not part of the negotiation but they follow it very, very closely. let's just proceed with confidence because i think people want us to. >> you mentioned china, thank goodness. can't have a discussion with out china. jonathan and i were in china this year. everywhere we went jonathan doggedly woodpaneled the chi
. >> i'll give real credit to the obama administration. they been very good on investment. president obama was the first democrat in 30 years without an open investments. why? because foreign direct investment to the u.s. creates jobs that are disproportionately export oriented, disproportionately manufacturing oriented, and our 50% more likely to be unionized. this is capital we should be fighting for. i think we need to approach in the second obama term with the second -- same degree...
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Nov 25, 2012
11/12
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under the obama administration. this 10 dribble seems seems to a leg say leg say -- and -- this is the point at which, at least in europe, investors have begun to question the capacity of the country to repay the debt. so i'm curious in what way future funding would be -- would be posted as a solution to problems that the pacifism past -- past pump fining was not and how can it be financed. >> i don't buy the premise, first of all. look, we had a stimulus bill which was about 800 billion. that a very small part of the debt we have. none of it was a result of the economic stimulus. so where is this coming from? the rest of it is we have large amount of debt that was -- a large opt -- we ran deficits even during good years, which even people like myself don't think is a good idea. why? because george bush wanted to give tax cuts to high income individuals and have a couple of unfunded wars. that has nothing to do with pump priming. the enwe had a collapse of revenue that took place after 2007, which is the result of a
under the obama administration. this 10 dribble seems seems to a leg say leg say -- and -- this is the point at which, at least in europe, investors have begun to question the capacity of the country to repay the debt. so i'm curious in what way future funding would be -- would be posted as a solution to problems that the pacifism past -- past pump fining was not and how can it be financed. >> i don't buy the premise, first of all. look, we had a stimulus bill which was about 800 billion....
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Nov 21, 2012
11/12
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i give real credit to the obama administration. they have been very good on investments. president obama was the first democrat in 30 years to put out an open investment statement. why? because foreign direct investment in the u.s. creates jobs disporing portion -- disproportioned manufacturing oriented and 50% likely to be unionized. this is capital we should be fighting for. ic we need to a-- i think we need to approach trade in the second obama term with the same degree of confidence to the point michael made. the world is ready to engage with us. they proposalled -- proposed a free trade agreement. pick up on that and go with it. there's a partnership negotiated out in asia, chinese, and now part of the negotiation, but they follow it very, very closely. let's just proceed with confidence because i think people want us to succeed. >> guys, out of the way of conversation, but you mentioned china, thank goodness. john alter, up here earlier, we were in china, and everywhere we went, john would doggedly hound the chinese with what are you going to do if mitt romney wins
i give real credit to the obama administration. they have been very good on investments. president obama was the first democrat in 30 years to put out an open investment statement. why? because foreign direct investment in the u.s. creates jobs disporing portion -- disproportioned manufacturing oriented and 50% likely to be unionized. this is capital we should be fighting for. ic we need to a-- i think we need to approach trade in the second obama term with the same degree of confidence to the...